Opaskwayak Cree Nation has put in a bid and a financial investment to distribute marijuana once it becomes legal this summer. OCN invested 3 million dollars with a Cannabis company through the Toronto Stock Market.
With this investment in the stock market their stock has climbed as high as a dollar 17 and they have quadrupled their investment in four and a half months turning their 3 million dollar investment into 12 million. Chief Christian Sinclair outlines what else they have done in preparation for marijuana legalization. He says they have a proposal in for the Manitoba government where they’ve issued a request for proposals that will allow for master licences to operate a number of retail outlets across Manitoba. OCN submitted their proposal along with 100 other companies and if they are chosen they have a plan in place to roll out and build Marijuana outlets across the province in first nations and urban environments.